Yearly Archives: 2009

UNION CITY, NJ - May 28, 2009 - (RealEstateRama) — Governor Jon S. Corzine today lauded the announcement by Department of Community Affairs (DCA) Commissioner Joseph Doria of the award of $19.5 million in federal Low Income Housing Tax Credit Funds (LIHTC) and the designation of $20.6 million in American Recovery and Reinvestment (ARRA) funding through the Tax Credit Assistance Program (TCAP) that will spur the creation of 879 new housing units throughout the state.

Edison, NJ - May 26, 2009 - (RealEstateRama) — The newly re-launched website at http://www.REALstoryNJ.com has been updated to inform and educate potential buyers and sellers of New Jersey real estate, offering first-hand knowledge from individuals, couples and families who recently bought or sold in this market.

Trenton, NJ - May 20, 2009 - (RealEstateRama) — Assembly Republican Leader Alex DeCroce called on Democratic Budget Chairman Lou Greenwald to renew his February vow to “fight to the death” to preserve property tax rebates.

Iselin, N.J. - May 14, 2009 - (RealEstateRama) — The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $2 billion, has announced the acquisition of a 98,459-square-foot four-story office building located at 186 Wood Avenue in Iselin, N.J. from Siemens Corporation.

Matawan, NJ - May 15, 2009 - (RealEstateRama) — ATAK Trucking, a wholesale supplier of building and construction materials, including topsoil, dirt, gravel, stone, sand and aggregate materials, is pleased to introduce their new construction materials calculator to the public. The materials calculator, available online on their website at www.ataktrucking.com, helps users determine the amount of materials required for construction or landscaping projects

WASHINGTON, DC - May 11, 2009 - (RealEstateRama) — US Senators Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced the state of New Jersey will receive $61 million in economic recovery act funds through a program to finance the purchase and construction of affordable housing units across the state, which will help create jobs while bringing down housing costs for working families.

Edison, NJ - May 7, 2009 - (RealEstateRama) — An increasing number of homeowners in coastal areas throughout New Jersey are experiencing greater difficulty in obtaining homeowner's insurance at an affordable rate. In response to this growing problem, the New Jersey Association of REALTORS® (NJAR®) today voiced its support for the "New Jersey Consumer Catastrophe Preparedness and Protection Act."

Edison, NJ - May 6, 2009 - (RealEstateRama) — The New Jersey Association of REALTORS® (NJAR®) applaud Monday's confirmation of Christina P. Clemans to the State Housing Commission by New Jersey Senate.

Washington, DC - April 30, 2009 - (RealEstateRama) — The Department announced an agreement with the owners, a manager and a former manager of Cottage Manor Apartments in Lakewood, N.J., to settle allegations of discrimination on the basis of religion, national origin and race. Under the settlement, which must be approved by the U.S. District Court in New Jersey, the defendants must pay a total of $170,000 to identified victims of discrimination and an additional $30,000 to the government as a civil penalty.

TRENTON, NJ - April 27, 2009 - (RealEstateRama) — Attorney General Anne Milgram announced today the filing of a lawsuit charging three individuals and two...

WASHINGTON, DC - April 27, 2009 - (RealEstateRama) — Sen. Frank R. Lautenberg (D-NJ) today announced New Jersey will receive more than $27 million in federal funding to put people back to work, reduce poverty, revitalize low-income communities and improve self-sustainability for low-income families.

Parsippany, NJ - April 23, 2009 - (RealEstateRama) — Although the New Jersey commercial real estate market showed signs in the first quarter of 2009 of being at or near bottom, a large inventory of shadow space has the potential to hit the market later this year, which would further increase availability rates and decrease asking rents, according to data released by FirstService Williams, formerly GVA Williams, in its first quarter 2009 market report.

Robbinsville, NJ - April 15, 2009 - (RealEstateRama) — The Atlantic Builders Convention (ABC) – the Northeast’s largest building industry tradeshow – offers various designations and continuing education credits for builders, planners, architects and electrical professionals. Credits can be earned April 21-24, 2009 during the ABC which takes place at the Atlantic City Convention Center in Atlantic City, NJ.

Robbinsville, NJ - April 14, 2009 - (RealEstateRama) — The Atlantic Builders Convention (ABC) – the Northeast’s largest building industry trade show – convenes April 22-24, 2009 in Atlantic City, NJ at the Atlantic City Convention Center. The 60th annual event hosted by the New Jersey Builders Association is expected to attract 10,000 attendees and 600 exhibits, along with a distinguished list of guests and presenters for a variety of educational and informational programs, demonstration clinics, celebrations, events and awards.

Edison, NJ - April 7, 2009 - (RealEstateRama) — The New Jersey Association of REALTORS® (NJAR®) today said the significant downturn in realty transfer fee collections shows that high taxes on real estate have a detrimental impact on the state economy.

Morristown, NJ - April 06, 2009 - (RealEstateRama) — The Morris County Improvement Authority has used the county's AAA bond rating to help Lincoln Park save money and obtain a low interest rate on the borough's refinancing of bond anticipation notes.

Edison, NJ - April 03, 2009 - (RealEstateRama) — With an $8,000 federal tax credit available to first-time home buyers and mortgage rates at 40-year lows, the New Jersey Association of REALTORS® (NJAR®) announced today the launch of a newly designed website, www.REALstoryNJ.com, featuring a countdown to the expiration of the federal first-time home buyer tax credit.

TRENTON, NJ - March 31, 2009 - (RealEstateRama) — Attorney General Anne Milgram and Criminal Justice Director Deborah L. Gramiccioni announced that a Jersey City man pleaded guilty today to his role in a conspiracy involving his business partner and members of the partner’s family in which they stole $573,383 from the state by filing fraudulent applications for 745 Homestead Rebate checks.

Robbinsville, NJ - March 26, 2009 - (RealEstateRama) — The New Jersey Builders Association (NJBA) announces that Robert H. “Bob” Karen has been named the 2009 Legend of Housing – the Association’s highest honor and most prestigious designation.

West Windsor, N.J. - March 26, 2009 - (RealEstateRama) — Mayor Shing-Fu Hsueh signed into law the Redevelopment Ordinance that will modify the zoning for the 350-acres Redevelopment Area around the Princeton Junction at West Windsor train station.